Goshen News, Goshen, IN

February 27, 2014

Lake City Bank to move a few blocks in downtown Goshen

Current building dates to 1881 and lacks modern bank features

By ROGER SCHNEIDER
roger.schneider@goshennews.com

---- — GOSHEN — Lake City Bank will move out of its historic bank building on Main Street to a roomier, more modern building blocks away.

“We ran out of room at the old building,” Kevin Deardorff, executive vice president of Lake City Bank said. “And probably the bigger factor is that at the old building we have no parking, no drive through and no ATM and the office on Third Street gives us all three.”

The bank will move into the former PNC Bank building, 119 S. Third St., most likely this coming fall, according to Deardorff. That building is a modern bank building with on-site parking, a drive-up window and outside ATM.

The current Lake City Bank is on the northeast corner of Lincoln Avenue and Main Street. The building dates to 1881, according to the local history book, “Goshen, The First 150 Years,” published by The Goshen News. The bank still features a lobby with a high ceiling with lighted fans, a marble teller counter and period furniture. Large black and white pictures of Goshen landmarks adorn the walls.

Most notable in the building is the large walk-in vault that features a massive steel door with an intricate locking mechanism and a secondary security gate.

“It’s a beautiful vault,” Deardorff said. “We have tried to maintain the history and culture of the building as much as possible.”

But what the future of the building will be has not been decided, according to Deardorff.

“We don’t know yet. We are looking at any option we can,” he said. “We just signed a letter of intent on the new building. We are going to be doing some major renovations on the old PNC building to house more people and a large conference room, so we are considering our options on what we might do with the old building.”

By moving to a modern facility, Deardorff said the bank is making a continued commitment to serve its Goshen customers. The bank also has a branch on South Main Street at Kercher Road.

Lake City purchased the downtown building in 1992 from the former Standard Federal Savings. The former PNC building was constructed in 2006, according to Deardorff. That bank closed in June 2012.